The chart below shows the latest Washoe County Insured Recording Statistics – new home sales, resales, and refis.
Brought to us by our friends at Ticor Title. Click on the chart to enlarge.
January new home sales dropped by more than 47 percent. However the historical numbers show that such a drop from December to January is not uncommon.
A similar seasonal-related decline can also be seen in January’s number of resales and refis. However, rising interest rates are probably also contributing factor to the decline in refis.
Shahar
So how’s that Obama / Reid combination working out for you Nevadans?
Dirtbagger
Shahar –
It is working as brilliantly as the Bush/Frist team. Putz!
Caldwell
Let us not forget that the man who was in the White House when the economy nearly collapsed and this Great Recession began was George W. Bush.
Sully
It’s funny that the conversation turns to blaming one wing or the other of the same bird of prey. It’s the system not the wings that needs repair.
Zen
Exactly what type of system doesn’t have its ups and downs? For the most part, I like this system just fine. There is a whole lot worse. History is littered with most of them.